Coracall Plans Aggressive Growth in Durban, South Africa

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On the occasion of its launch of South African operations Coracall announced plans for rapid growth for its local facility.

At an inauguration function at Vogue Restaurant, Durban, Mr Phil Lightfoot, Chief Executive Officer remarked, “Tonight marks the culmination of many months of hard work by our dedicated Coracall teams across the globe. It’s with great pride that we launch our newest Contact Centre here in Durban this evening. The excitement we feel is reflected in our customers’ interest, both existing and prospective, in exactly what South Africa has to offer them. We see rapid growth for our centre and this is in line with our desire to be contributor to the local economy.”

Mr Ian Kinsey, Managing Director of Coracall South Africa added, “I’ve been fortunate to have witnessed the overall growth of South Africa in my seven years of being based here. South Africa now competes on a level playing field with more mature off shoring destinations, and therefore, we’re confident that Coracall is will add to the already promising growth story.”

About Coracall
Coracall is a full service business process outsourcing company specializing in best in class voice, non-voice, and back office support to global organizations. The Company is currently investing in technology, tools, and automation to create value added solutions to its customers.

The Company plans to further expand its footprint and customer base through 2012.

For further information please contact:

Investor Relations
Barnby House
Barnby Gate
E-Mail: info(at)coracall(dot)com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of Coracall. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital to support operations and projections of revenues and profitability. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.

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Phil Gregory

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